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20121201
20121231
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.3%. this at a time when the unemployment rate in spain is 26%, in france it is almost 11%, and across the whole eurozone it is almost 12%. employment, already at a record high, is set to go on rising each year of the forecast, and for every one job less in the public sector, two new jobs are expected to be created in the private sector. britain now has a greater proportion of its people in work than either the eurozone or the united states of america. mr. speaker, more jobs means that the impact of the weaker than forecast gdp on the public finances have been less than some might have expected. there have been three developments that have each had a significant one-off impact on the public finances, and in the report today we publish clearly and transparently the impacts of all three. first, there is the transfer of the royal mail pension fund to the public sector at part of its privatization. this produces a one-off reduction in the deficit of 28 billion pounds this year, but it adds to the deficit in the years afterwards. second, the previous goth had class -- government had classified northe
on trains in spain and other countries in china that go 250, 300 mules an hour -- miles an hour. you're never going to get a train going 250 miles an hour along the northeast corridor, nor would you want to. but in california where we're building new infrastructure, do it at 200 miles an hour which is what we're going to do. in illinois the best we can do is 110 miles per hour. would we like to go 200? of course we would, but it's not possible. >> so it's a, it's a standard that we can live with -- >> that's right. >> -- as high-speed rail. and then, um, you know, lastly, there's been some criticism as well that it's money that hasn't been spent yet. do you think it's actually even reasonable to have spent, actually spent the amount of money without developing the plans and rigorously reviewing those and making obligations for the studies that are required for those, and isn't it actually okay simply to have obligated the money and still ask for more because we can obligate more? >> what i'm proudest of, over the last four years you haven't seen any bad stories about boondoggles, ear
Search Results 0 to 1 of about 2